Nadex’ growth continues in Q2 of 2016: Total volume and trades up nearly 40% YoY

Nadex’ growth continues in Q2 of 2016: Total volume and trades up nearly 40% YoY

NADEX

Chicago-based Derivatives Exchange (Nadex), the largest US-regulated binary options exchange, announced its trading volumes for the second Quarter of 2016 on Wednesday. According to the report by its parent company, IG Group (LON:IGG), Nadex saw its total number of trades and the overall trading volume on the exchange in Q2 of 2016 grow by nearly 40%, year on year.  The growth in trading volume reflects the growing enthusiasm for exchange-traded binary options and spreads.

The total number of trades in Q2 2016 was up 39% compared to Q2 2015. The total volume in Q2 2016 rose 40% versus 2015, about 9% of which was in Nadex Spreads, and the rest in binary options. Obviously, there is a larger interest in limited risk binary option trading on a regulated exchange.

In fact, Nadex’ volume and trades of Q2 of 2016 continue the upward trend from previous periods. In Q1 the volume and trades executed on the US exchange posted a growth of more than 60%, year on year.

In addition to a clear increase in awareness of our products and services among our target market, we’ve seen a surge in searches for “binary options” and “Nadex” over the last year,” commented Dan Cook, Nadex’s Director of Business Development.

The number of contracts offered daily has doubled from 5000 in 2013 to over 10,000 in 2016. This figure reflects  the fact that there are more markets available to trade as well as more trading options, including the new 5-minute forex binaries. What is more, earlier in June Nadex resumed bitcoin trading, which is gaining more popularity.

As regards forex, the most popular currency pairs in Q2 were the EUR-USD, USD-JPY, AUD-USD, and GBP-USD.

Nadex also points out that there is significant growth in Mobile Trading in the three months ended June, 30. We would like to remind you that earlier this year the US exchange has made major updates to both its Android and iOS applications earlier this year.

According to Tim McDermott, CEO of Nadex, the growth comes from multiple factors: “More markets and more contracts within each day mean more opportunities. Powerful and full-featured mobile apps mean a new way to access those opportunities wherever you are. And increased awareness of Exchange-Traded Binary Options means that more people are coming to us to take advantage of those opportunities. So in short, we’re gratified by our growth, but not really that surprised. Limited-risk trading on a regulated, level playing field is something traders have needed for a long time and we’re happy to offer it.

Nadex is the premier and largest CFTC-regulated online exchange in the US, offering binary options and spreads to individual traders who seek low-cost, limited risk ways to hit the financial markets. It offers traders a trusted, secure way to trade binary options and spreads on a wide range of the most heavily traded forex, commodities and stock indices.

Nadex’s parent company, IG Group Holdings (LON:IGG) is UK’s largest forex broker in terms of market capitalization. It recently published the results for the financial year 2016, posting a 14% increase in net trading revenue compared to 2015.

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